What legal principle that prohibits wall nut from claiming

Assignment Help Accounting Basics
Reference no: EM132582602

Question 1: WALL NUT Co. obtained a fidelity bond for its cashier. During the year, the cashier embezzled funds of WALL NUT. The legal principle that prohibits WALL NUT from claiming compensation directly from the cashier is?

Option a. Principle of subrogation.

Option b. Principle of contribution.

Option c. Principle of loss minimization.

Option d. principle of indemnity.

Reference no: EM132582602

Questions Cloud

Which of the five differences described are temporary : Which of the five differences described are temporary and which are permanent differences? Why?Explain. Expenses each year includes $50 million from a two year
Miracle of modern science : The ingredients are listed below, in order of most to least present in the dressing. How would we best classify the "triple filtered purified water?"
Explain why they did not make the penny : The Canadian Penny (which is not used anymore) is made with a iron core covered in copper.
Determining the semipermeable membrane : 1.0-M aq. LiBr solution and a 1.0 M CaBr2 solution are separated by a semipermeable membrane. Which statement is correct?
What legal principle that prohibits wall nut from claiming : The cashier embezzled funds of WALL NUT. The legal principle that prohibits WALL NUT from claiming compensation directly from the cashier is?
What is the mass in grams of al that were reacted : What is the mass in grams of Al that were reacted with excess HCl if 1.28 L of hydrogen gas were collected at STP in the following reaction? 2 Al (s) + 6 HCl (a
When does an electron of hydrogen atom moves : When does an electron of hydrogen atom moves from ground state to excited state
Half-reaction method to balance : Using the half-reaction method to balance the following redox reaction. Include the net ionic equation in its simplified form. Remember to dissociate or ionize
Make year-end adjusting entries for transactions : Prepare year-end adjusting entries for transactions 1 to 3 and the required entry for transaction 4.Jassal renewed the commercial and business insurance policy

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd